need to make a slight amendment to the calcs here. The mining costs i took from the Hawthorne Annual report only represents a year of mining whereas the rest of the figures are from the 2 year project. So if we just double the 37m i used you end up with a final figure of 84m profit from Pinnacles. 10 percent to Saracen.
The overall profit at 2500 an ounce is 75.4m for 74,000 ounces. My initial thought when i saw this project was at these gold prices there must be close to 1k profit per ounce.
$1800 an ounce seems to be about break even, $2500 an ounce is good. Id be too embarrassed to post what $2700 or $2800 an ounce works out to
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